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Industrial activity ramps up in Mesa; plus 6 other Valley real estate deals to know
Industrial activity is increasing in Mesa, highlighted by significant acquisitions led by Blue Owl Capital and J.P. Morgan Asset Management. The report details multiple high-value deals in Tolleson, Mesa, and the Deer Valley area, indicating a robust investment climate in the industrial sector.
Electronics distributor Avnet moves into 156,000-square-foot Tempe office
Electronics distributor Avnet has relocated to a newly renovated 156,000-square-foot office in Tempe. The building, located at 2150 E. Warner Road, will accommodate over 500 employees.
Paradise Valley developer lists $14.6M modern estate amid luxury market surge
A developer has listed a modern estate in Paradise Valley for $14.6 million, highlighting the ongoing surge in the luxury real estate market. The property spans 8,047 square feet and is situated on 1.05 acres, featuring contemporary steel roof lines. There is a notable demand for move-in ready homes priced up to $20 million.
New investors are turning to this housing trend
A rising trend in residential real estate is gaining attention as high single-family home prices push investors to adopt innovative strategies. This approach, known as house hacking, allows homeowners to offset their mortgage costs by renting out portions of their property. As more investors explore this option, it reflects changing dynamics in the housing market.
Pinal County blocks path for 500-megawatt energy project near Maricopa
The Pinal County Planning & Zoning Commission has temporarily blocked the development of a 500-megawatt battery energy storage system and natural gas power plant near Maricopa. This decision was made on September 17, impacting the project's progress.
Vikings owners plan 504-unit luxury apartment complex next to Desert Ridge Marketplace
The Wilf family, owners of the Minnesota Vikings, are planning to develop a 504-unit luxury apartment complex adjacent to Desert Ridge Marketplace. This project aims to enhance the residential offerings in the area.